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Hims’ COO to step into advisory role months after joining the company

Hims & Hers Chief Operating Officer Nader Kabbani — an Amazon veteran who joined the telehealth company in May — will leave his post next month, the company announced in a Thursday regulatory filing.

Kabbani will begin an advisory role with the company starting November 2 and Mike Chi, who is currently the companys chief commercial officer, will assume Kabbanis title and duties.

Kabbani, who helped launch Amazon Pharmacy at the robotics company Symbiotic, took over from Melissa Baird, the companys longtime COO who transitioned to an advisory role earlier this year.

Kabbani joined Hims at a tumultuous time. The company saw explosive growth when it started selling copies of popular weight-loss drugs made by Novo Nordisk last year while they were in shortage. But now that those supply constraints have waned, its limited in how much it can continue selling. Meanwhile its core business has slowed down, which resulted in disappointing revenue numbers in its most recent quarterly report.

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Airline stocks dip as US-Venezuela tensions send oil prices climbing

Oil prices are climbing on Monday as tensions between the US and Venezuela escalate, threatening to tighten global supply. West Texas Intermediate crude futures were up more than 2.6% in morning trading.

What’s good for crude isn’t ideal for airlines, which could see higher fuel costs. Shares of several major airlines are down on the price action, including Delta Air Lines, United Airlines, American Airlines, and JetBlue.

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